Indian Phosphate IPO listed @ Rs. 188.10

Indian Phosphate IPO GMP grey market premium, review, Subscription, allotment, listing estimate @

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Table of Contents

What is the business of Indian Phosphate?

Indian Phosphate is mainly engaged in the production of Linear Alkylbenzene Sulphonic Acid LABSA 90%, popularly known as LABSA, is an anionic surfactant and it is used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents.

It is also engaged in the manufacturing of “Single Super Phosphate” (SSP) fertilizer and “Granules Single Super Phosphate” (GSSP) Fertilizer which is manufactured and supplied as per the standards of Fertilizer Control Order of India in powder and granulated form as well as fortified with zinc and boron. Single Super Phosphate and Granules Single Super Phosphateare being a fertilizer in nature used in agriculture industry.

The company operates from its manufacturing facility located at Plot No. 5056, Village: Umarda, Girwa district, Udaipur, Rajasthan which is in the close proximity of supply of both the raw materials (a) Sulphuric Acid 98% (b) Rock Phosphate used in manufacturing of our products. The other major raw material Linear Alkylbenzene (LAB) is sourced from IOCL, Vadodara, Nirma Ltd., Vadodara and Reliance Industries Ltd., Patalganga.

IPL, a company specializing in manufacturing and supplying Single Super Phosphate (SSP) fertilizer, began its journey by trading dolomite and limestone. In 2004, it commissioned a manufacturing facility of SSP with an installed capacity of 200 MT/day. In 2009, it diversified into the chemical business by setting up its first Sulphonation Plant of LABSA 90% with an installed capacity of 150 MT/day. Later on, in 2010, in order to meet increased demand, the company expanded its SSP fertilizer capacity from 200 MT/day to 400 MT/day and also commenced manufacturing of Granules Single Super Phosphate with installed capacity of 200 MT/day. Subsequently, in 2011, the company expanded its Granules Single Super Phosphate fertilizer capacity from 200 MT/day to 400 MT/day. In 2022, it commissioned a second LABSA 90% plant with an installed capacity of 200 MT/day increased its combined capacity for manufacturing LABSA 90% to 350 MT/day. In November 2022, the company also ventured into non-renewable energy sector (for captive consumption) by setting up a 750 KWh solar plant in Bikaner. The company furthermore also produces Zincated Single Super Phosphate – “Powder/Granules” and Zincated and boronated Single Super Phosphate – “Granules” by formulating zinc and boron into the granulator and powder hopper along with Single Super Phosphate powder in required proportion. The Department of Fertiliser and the Government of India encouraged the SSP sector to create value-added fortified SSP with zinc and boron content due to the deficiency of these elements in the soil. Since last 5 years its focus is to produce fortified SSP with Zinc and Boron. It has educated farmers over the past five years, encouraging them to use fortified SSP with boron and zinc according to soil deficiencies. As a result, it is currently generating more than 80% of SSP as fortified SSP. The company, with a view to increasing its business presence in South Indian Markets and also as a part of business strategy we are setting up manufacturing plant of Sulphuric Acid which is backward integration plant for manufacturing of LABSA 90%. Indian Phosphate has acquired a Plot admeasuring area of 8.25 acres on lease basis at SIPCOT Industrial Park, Cuddalore District,Tamilnadu for Sulphuric acid with installed capacity of 200 MT/ day including manufacturing of LABSA 90% with installed capacity of 100 MT/ day & Magnesium Sulphate with installed capacity of 60 MT/day. Also, our company intends to expand our operations and supply of SSP fertilizer, we have already acquired 1,00,000 square meter land on lease from the Maharashtra Industrial Development Corporation, situated at Plot No. T-22, Nardana MIDC Phase – II, Tal. Sindkheda & Dist. Dhule, Maharashtra, for the establishment of a manufacturing facility for the production of SSP fertilizer. The company has already received CTE (Consent to Establish) from Maharashtra Pollution Control Board.

The Company has a presence in the major states like, Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal and Uttarakhand.

Get more information about the company @ http://www.indianphosphate.com/

Who are the Promoters of Indian Phosphate IPO?

Mr. Ravindra Singh, Mrs. Mamta Arora, and Mr. Rushil Arora are the promoters of the company.

What are the Objects of Indian Phosphate IPO?

The Offer comprises of only fresh issue of shares.

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. For Setting up a new manufacturing facility at SIPCOT Industrial Park Phase-I, Kudikadu Village, Cuddalore District (‘C’ District) Plot(s) – Plot No.C-17/A, TamilNadu for manufacturing of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate
2. To Meet Working Capital Requirements.
3. For General Corporate Purposes

Indian Phosphate IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Indian Phosphate IPO Review

Indian Phosphate is mainly engaged in the production of Linear Alkylbenzene Sulphonic Acid LABSA 90%, popularly known as LABSA, is an anionic surfactant and it is used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents.

It is also engaged in the manufacturing of “Single Super Phosphate” (SSP) fertilizer and “Granules Single Super Phosphate” (GSSP) Fertilizer which is manufactured and supplied as per the standards of Fertilizer Control Order of India in powder and granulated form as well as fortified with zinc and boron. Single Super Phosphate and Granules Single Super Phosphateare being a fertilizer in nature used in agriculture industry.

Size:  Net size of the IPO is Rs.66.63 crore, comprising of 6430800 shares. The size of the IPO is somewhat large and yet due to strong fundamentals, the oversubscription is possible.
Financial Snapshot: The company has strong topline and bottomline during last  2years and 7 months. The shares are offered at reasonable valuation and there is scope for listing gains.
+ from fundamental angle: May Apply
+ from grey market angle: ?

Quicklinks

• Staffavailable.com
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• AnalysisLibrary.com

Indian Phosphate IPO GMP today allotment, review?

Indian Phosphate IPO GMP grey market premium

Indian Phosphate IPO FAQs

What is Indian Phosphate IPO?

This is a SME IPO of 6804000 equity shares of the face value of Rs. 10 aggregating up to Rs.67.36 Crores. The issue is priced at Rs.99 per share. The minimum order quantity is 1200 Shares.

When will Indian Phosphate IPO subscription open?

Indian Phosphate IPO opens on August 26, 2024, and closes on August 29, 2024.

What is the lot size of Indian Phosphate IPO?

Indian Phosphate IPO lot size is 1200 Shares, and the minimum amount required is Rs.118800

How to apply for Indian Phosphate IPO?

You can apply in Indian Phosphate IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Indian Phosphate IPO allotment?

The finalization of Basis of Allotment for Indian Phosphate IPO will be done on August 30, 2024, and the allotted shares will be credited to your demat account by September 02, 2024.

When is Indian Phosphate IPO listing date?

Indian Phosphate IPO listing date is September 3, 2024.